Saudi foreign minister says ‘we will maintain our oil market share’

*Saudi Arabia Foreign Minister, Adel bin Ahmed Al-Jubeir.

*Saudi Arabia Foreign Minister, Adel bin Ahmed Al-Jubeir.

05 March 2016, Paris — Saudi Arabia will maintain its oil market share and the idea that it would cut production while other countries increase it is “not a realistic one,” Saudi Foreign Minister Adel al-Jubeir said on Saturday.

“Our view is market forces determine the price of oil and we will maintain our market share and markets will recover,” he told a group of journalists in Paris.
*Leigh Thomas; Maya Nikolaeva. Editing – Jane Merriman – Reuters

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